Town Budget and Town Meeting

The Town of Andover has a $1.5M excess levy capacity. This means they can increase the school budget without an "override." 

This is highly regulated by the state and you can find more information here.

The Commonwealth’s Division of Local Services recommends that municipalities keep 3-5% available in free cash. Andover has $5-9M more than that recommendation sitting in free cash reserves.

Andover has $15M in free cash.

Every year, the Town of Andover collects millions more dollars than it budgets. These revenues are eventually put into free cash.